It’s exciting. You just purchased a manufactured home community. It has fifty sites, 48 of which are occupied by home owing tenants paying $300/month in rent. You were pleased to purchase it for $960,000, or $20,000 per site. And now that it’s time to begin managing the community, you discover three things: First, four of …
Author Archives: AIA_admin
Replacement Cost vs Actual Cash Value
If you have replacement cost coverage and one of your insured manufactured homes is damaged due to a covered peril such as wind, hail, or fire, then you should expect to be paid for the reasonable cost to repair your home less your insurance deductible. If you have actual cash value cost coverage, then you …
Transport – Installation
Recently, one of our manufactured home retailers sold a home and hired a contractor to transport and install the home on the home-buyer’s property. The home buyer wanted his new manufactured home set where his current site built house sat. The contractor was hired to move the site built house to another location on his …
Service Animals
New court rulings and Federal Laws are opening the door to allow a parade of dogs and other animals onto your property. In many instances, either the Americans with Disabilities Act (ADA) or the Fair Housing Act (FHA) give your tenants the right to keep a dog or other pet even though your community rules …